The People's Bank of China: Various types of bonds totaling 879.395 billion yuan were issued in the bond market in June.

date
31/07/2025
avatar
GMT Eight
In June, a total of 8793.95 billion yuan worth of various types of bonds were issued in the bond market. This included 1590.39 billion yuan of government bonds, 1175.32 billion yuan of local government bonds, 1073.87 billion yuan of financial bonds, 1425.73 billion yuan of corporate credit bonds, 24.72 billion yuan of credit asset-backed securities, and 3456.93 billion yuan of interbank certificates of deposit.
On July 31, the central bank released the operation of the financial market in June 2025. The data shows that in June, various types of bonds were issued in the bond market totaling 8793.95 billion yuan. Government bonds were issued totaling 1590.39 billion yuan, local government bonds were issued totaling 1175.32 billion yuan, financial bonds were issued totaling 1073.87 billion yuan, corporate credit bonds were issued totaling 1425.73 billion yuan, credit asset-backed securities were issued totaling 247.2 billion yuan, and inter-bank certificates of deposit were issued totaling 3456.93 billion yuan. Original text: Financial Market Operation in June 2025 I. Bond Market Issuance In June, various types of bonds were issued in the bond market totaling 8793.95 billion yuan. Government bonds were issued totaling 1590.39 billion yuan, local government bonds were issued totaling 1175.32 billion yuan, financial bonds were issued totaling 1073.87 billion yuan, corporate credit bonds were issued totaling 1425.73 billion yuan, credit asset-backed securities were issued totaling 247.2 billion yuan, and inter-bank certificates of deposit were issued totaling 3456.93 billion yuan. By the end of June, the custody balance of the bond market was 188.5 trillion yuan. Among them, the custody balance in the interbank market was 166.7 trillion yuan, and the custody balance in the exchange market was 21.9 trillion yuan. In terms of bond types, the custody balance for government bonds was 37.2 trillion yuan, local government bond custody balance was 51.7 trillion yuan, financial bond custody balance was 42.7 trillion yuan, corporate credit bond custody balance was 33.7 trillion yuan, credit asset-backed securities custody balance was 1.0 trillion yuan, and inter-bank certificates of deposit custody balance was 21.1 trillion yuan. The custody balance of commercial bank counter bonds was 203.8 billion yuan. II. Bond Market Operation In June, the interbank bond market's spot turnover was 3.43 trillion yuan, with a daily average turnover of 1.7 trillion yuan, a decrease of 1.2% year-on-year and an increase of 6.2% month-on-month. Transactions with a single transaction volume between 5-50 million yuan accounted for 48.0% of the total turnover, while transactions with a single transaction volume of over 90 million yuan accounted for 45.8% of the total turnover, with an average single transaction volume of 4290.6 million yuan. The spot turnover in the exchange bond market was 3.8 trillion yuan, with a daily average turnover of 190.54 billion yuan. Commercial bank counter bond transactions were 119,000, with a turnover of 99.56 billion yuan. III. Bond Market Opening to Foreigners By the end of June, the custody balance of foreign institutions in the Chinese bond market was 4.3 trillion yuan, accounting for 2.3% of the total custody balance of the Chinese bond market. Among them, the custody balance of foreign institutions in the interbank bond market was 4.2 trillion yuan; by type of bond, foreign institutions held 2.1 trillion yuan of government bonds, accounting for 49.6%, interbank certificates of deposit 1.2 trillion yuan, accounting for 27.2%, and policy bank bonds 0.8 trillion yuan, accounting for 19.1%. IV. Money Market Operation In June, the interbank interbank lending market turnover was 8.4 trillion yuan, an increase of 11.2% year-on-year and an increase of 26.0% month-on-month; bond repurchase turnover was 15.63 trillion yuan, an increase... (The remaining translation exceeds the character limits. Please refer to the original source for complete information.)